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Your trying to fade a out of balance market and your working with no important ref points
dangerous.........
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Just dont if your going to be tempted to try make what you have lost
I doubt there will be any thing amazing going on for the rest of the day any ways
We will most likley just try and balance now possibly
Losses are a essential part of doing business with the markets....its our job to control the size of them!
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
I have all my charts set to CL ##-## and i will execute off the front month that we area trading
Here is todays correct data...the correct view worked amazing
Having the correct view is key here
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
1) There is a setting in NT for Kinetick, if I recall (there was for IQFeed anyway), that gives you the option to back-adjust. What you are showing here is April merged with May, with no back-adjustment. If this is what you want, fine. But it is probably not the continuous contract you want. Look at the option and reload your data if you want to back-adjust.
2) There is no "correct" way to splice multiple futures contracts together. You are using a synthesized contract that does not exist, so it is really the most incorrect! Here is April Crude:
May Crude:
Whichever way you look at it, crude today has not traded near Friday's high, but it did trade to the POC area. Only if you take May and just plop it at the end of April do you get the false illusion that today has traded to Friday's high. Again, there is no right or wrong way to compose a futures contract when you incorporate multiple months.
I believe the data i have at the moment is the correct view i need
Fridays range was set on the CL 04-13 contract as this was the contract with the most volume on Friday i believe
CL 05-13 took over in volume today
I always am skeptical about the right data on roll over and will need to confirm with s few people later after the close as i don’t want to disturb them now
But as of this time i believe the data i posted to be correct
As you said there is not right or wrong way as such
But I am tracking the Continuous contract data and levels
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
You are showing continuous, yes. Continuous back-adjusted, no. No right or wrong, but most people view a back-adjusted contract, because you could get the impression that today we traded to Friday's high, which a glance at April and May shows to be incorrect.
Put another way, someone who sold May at the open on Friday has not had his position come back to breakeven, whereas the view you are showing gives the opposite impression. Volume has rolled to May, but your current view relative to actual May levels is inaccurate.
